Evolutionary dynamics in the voting game

Voter participation is immense but theoretically doubtful because there exists cost of voting and the probability of casting the deciding ballot is low. Game theoretic models (Palfrey and Rosenthal, 1985) confirm this paradox of voting. Individual optimization in the voting game is problematic with respect to the rationality and information requirements of traditional game theory. Therefore in this paper a non-optimizing but learning individual is considered. By individual learning the adjustment processes and equilibria of voter turnout are determined. Voters are able to learn to participate and substantial voter turnout is possible.     

Learning the structure of a simple rent-seeking game

This paper considers a form of the Tullock imperfectly discriminating rent-seeking game in which the contestants are uncertain about the value of a bias parameter in the probability of winning function. Beliefs about this unknown parameter are not constrained to be static; we consider two methods by which the players' prior beliefs on this parameter can be updated. First, we allow for information to emerge by considering the case in which the game is played twice, with the outcome of the first game known before the second begins. The identity of the winner of the first contest represents information which emerges endogenously that can be used to revise beliefs on the unknown bias parameter. Second, information can be produced outside of the model by an external agency; this gives rise to exogenous learning. We consider the consequences for rent-seeking in each of these two cases.     

The game of manifestos!

This paper investigates, leveraging a simple two‐stage game with incomplete information, the motivation behind announcing unreasonable commitments in the manifesto by candidates and political parties. I analyse the expected communication pattern in an environment where legal costs are not imposed for broken promises and psychological costs related to lying are not incurred by candidates. I demonstrate that there is an absence of separation between a high‐type candidate and a low‐type candidate regarding the degree to which they indulge in “cheap talk.” This paper also analyses the introduction of a penalty for broken promises and establishes that an imposition of penalty has the potential to improve the behaviour of political parties by inducing separation.     

In the name of the nation: reflections on nationalism and patriotism1

Treating nationhood as a political claim rather than an ethnocultural fact, this paper asks how “nation” works as a category of practice, a political idiom, a claim. What does it mean to speak “in the name of the nation”? And how should one assess the practice of doing so? Taking issue with the widely held view that “nation” is an anachronistic and indefensible or at least deeply suspect category, the paper sketches a qualified defence of inclusive forms of nationalism and patriotism in the contemporary American context, arguing that they can help develop more robust forms of citizenship, provide support for redistributive social policies, foster the integration of immigrants, and even serve as a check on the development of an aggressively unilateralist foreign policy.     

The progress of the betting in a baseball game

The development of the Internet has led to the creation of countless new markets, among them, online, in-game betting markets for sporting contests. We examine the behavior of prices as events unfold in a baseball game. Specifically, we compare the evolution of prices during a game with probability estimates generated by an empirical model of scoring in baseball. We find that price changes correspond closely to changes in the probability of winning, for plays of both small and dramatic impact. Nevertheless, data limitations inhibit the ability to make strong claims regarding the hypothesis of efficient pricing.     

Anti-capitalism in the name of ethno-nationalism: ideological shifts on the German extreme right

ABSTRACT

Sommer examines the (re-)emergence of anti-capitalist and anti-globalization themes within the ideology and discourses of the German extreme right. He argues that it would be short-sighted to interpret this development simply as another opportunistic attempt by the extreme right to incorporate Zeitgeist issues into its political agenda in order to appeal to a broader spectrum of supporters. An analysis of the latest campaigns of the Nationaldemokratische Partei Deutschlands (NPD)—the most successful extreme-right party in recent years—as well as the activities of groups that exist within the larger German extreme-right milieu, the so-called freie Kameradschaften, reveals that the taking up of social questions as well as anti-capitalist and anti-globalization themes marks a deeper shift within the political agenda of the extreme right in Germany. However, the analysis shows that racist and antisemitic issues do not disappear with this shift, but are linked with and incorporated into anti-capitalist and anti-globalization discourses.